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A two-count indictment was unsealed at the moment in United States District Courtroom for the Jap District of New York charging Cory Zeidman with conspiracy to commit wire fraud, mail fraud and cash laundering conspiracy in reference to a sports activities betting fraud scheme he operated from Lengthy Island and Florida. The defendant was arrested this morning and Florida and can make his preliminary look on the federal courthouse in Miami.
Breon Peace, United States Legal professional for the Jap District of New York, Ricky Patel, Appearing Particular Agent-in-Cost, Homeland Safety Investigations (HSI), New York, Patrick Ryder, Commissioner, Nassau County Police Division, and Daniel Brubaker, United States Postal Inspector in Cost, introduced the fees.
“As alleged, Zeidman defrauded his victims, stole their life financial savings and persuaded them to empty their retirement accounts to put money into his bogus sports activities betting group, all so he might spend it on worldwide holidays, a multi-million greenback residence and poker tournaments,” acknowledged United States Legal professional Breon Peace. “At present’s indictment serves as a reminder to all of us to be cautious of so-called funding alternatives that purport to have inside info, as they’re actually a chance not price taking.”
“As alleged, Zeidman preyed on people who had been led to consider he had inside info that might cause them to simple cash. In actuality, he was promoting nothing however lies and misinformation— bilking thousands and thousands from victims alongside the best way, leaving their lives in monetary break and their financial institution accounts empty,” mentioned HSI New York Appearing Particular Agent in Cost Ricky J. Patel. “HSI will proceed to work along with our companions to comply with the cash and sort out advanced monetary investigations to convey to justice fraudsters like Zeidman, who finance their lavish existence by concocting methods to bamboozle the harmless when their solely actual purpose is lining their pockets with ill-gotten money.”
“Mr. Zeidman took benefit of the general public’s curiosity to “get in on the bottom ground” of his sports activities betting group. He devised a prison scheme to fatten his pockets utilizing nothing greater than folks’s love for sports activities and his intelligent phrases wrapped round a fraud. Postal Inspectors remind traders to totally overview all funding affords to make sure they don’t seem to be left with a line of empty guarantees and a drained checking account,” mentioned Inspector in Cost Brubaker.
The defendant was the chief of a company that positioned nationwide radio commercials to lure victims to retain the group for sports activities betting recommendation. The victims had been led to consider that the group had privileged info that made betting on sporting occasions a no threat proposition. Victims had been required to pay a payment to acquire this info which, unbeknownst to them, was both fictitious or obtained from an web search by defendant and his co-conspirators. Many victims misplaced their life financial savings.
The defendant used the next aliases: Richard Barnes, Walter Barr, Mr. Carlyle, Ray Palmer, Rick Money, Elliot Stern, Gordon Howard, David Coates, Simon Coates, Paul Knox, Mark Lewis, Joel Orenstein and Steve Nash. A number of the firm names utilized by defendant’s scheme had been Gordon Howard World, Ray Palmer Group and Grant Sports activities Worldwide.
Any people who consider they could have been the sufferer of the alleged crimes perpetrated in reference to this launch can contact HSI at 1-866-347-2423.
The fees within the indictment are merely allegations, and the defendant is presumed harmless until and till confirmed responsible.
The federal government’s case is being prosecuted by Assistant United States Attorneys Anthony Bagnuola, Charles P. Kelly and Diane Beckmann.
The Defendant:
CORY ZEIDMAN
Age: 61
Boca Raton, Florida,
E.D.N.Y. Docket No. 22-CR-228 (JS)
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